Overview
Atlantic American Q2 net income reaches $3.3 mln, reversing prior yr loss
Operating income rises due to premium revenue growth in key insurance lines
Co's results driven by unrealized gains on equity securities
Outlook
Company believes it is well-positioned for sustained, profitable growth in H2 2025
Result Drivers
PREMIUM REVENUE - Growth in premium revenue within inland marine and Medicare supplement lines boosted operating income
UNREALIZED GAINS - Increase in unrealized gains on equity securities contributed to net income rise
BUSINESS MOMENTUM - Steady new business momentum and retention of existing contracts supported premium growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $55.29 mln |
|
Q2 Net Income |
| $3.32 mln |
|
Q2 Adjusted Operating Income |
| $1.59 mln |
|
Q2 Cash & Investments |
| $280.28 mln |
|
Q2 Pretax Profit |
| $4.22 mln |
|
Press Release: ID:nGNX89sl0N